Binance: MBL buy / long H4
Entry: below 0.013
SL: H4 close below 0.012
TP: 0.015 - 0.016
MovieBloc is a decentralized movie and content distribution platform. It aims to create a transparent revenue share, audience data, and equal screening opportunity for content creators.
The viewers will have access to various contents, and get rewarded for providing curation...
*MBL is likely to rise more than 400% over the next month.
*Moviebloc's MBL market cap is just $50 million.
*BTC is expected to do V-shaped recovery
first, before I present my analysis let me briefly introduce my methodology. the price is represented by white candlesticks , the top chart is 12H candlesticks while the bottom chart...
From the beginning of the month, MblUsd dropped hard and found support only after 75% dive in 0.01 important zone.
The drop is contained in a falling corrective wedge and this gives me reason to think that a new leg up will follow.
0.014-0.015 could be a good zone for buyers and 0.025 zone could be the target.
The 0.02$ zone is an important support zone of MBL and the Whales will not want to push it down below this zone.
The buying force is coming into MBL and it is heading to 0.025$ and 0.033$ zone in the next few days
-Buy: 0.0195-0.0205$. SL B
-Buy: 0.0245-0.0255$ if A. SL B
-Sell: 0.0245-0.0255$. SL A
-Sell: 0.032-0.034$. SL A
🔹Analytics: active at the support line, already tested the level several times, I consider it a safe entry with a short stop behind the support line, breaking the counter-trend will have a good effect on the upward movement. It is also worth paying attention to the RSI.